🚀 go-pugleaf

In article <94129.231047JW6191A@auvm.american.edu> John Witherspoon <JW6191A@auvm.american.edu> writes:
}
}In article <2qlv93$8sk@mojo.eng.umd.edu>, russotto@eng.umd.edu (Matthew T.
}Russotto) says:
}>
}>In article <94126.114237JW6191A@auvm.american.edu> John Witherspoon
}><JW6191A@auvm.american.edu> writes:
}>}
}>}for an insurer to back out of covering you.  It would really be a bummer
}>}to be sued for several million dollars for vehiclular manslaughter and
}>}then have you insurer refuse to honor the claim because of misrepresentation.
}>
}>So what?  $x,000,000 - $40,000 = $x,000,00.  The coverage is in the
}>noise.  Either way, they won't get their several million, and I'll be
}>forced to render myself judgement-proof.  (you can bet that before the
}>judgement, I'll have emptied my bank accounts).
}>
}>Or do most people have liability in the million dollar range?
}
}O.K., so you may not have anything to lose in a suit, and the chances of
}being sued in the first place are probably very small.  The scheme about
}emptying your bank accounts is a joke (read the papers about how the RTC
}has recovered billions from savings and loan officers who tried to do it),
}and there's a neat thing judges can order called garnishing every paycheck
}for the rest of your life.

Obviously, part of rendering myself judgement-proof involves quitting
my job.  A multi-million dollar judgement-- INSURANCE OR NO
INSURANCE-- means either poverty or slavery or both.



-- 
Matthew T. Russotto	russotto@eng.umd.edu
Some news readers expect "Disclaimer:" here.
Just say NO to police searches and seizures.  Make them use force.
(not responsible for bodily harm resulting from following above advice)